First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Update

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 19,714 shares, a drop of 57.5% from the July 30th total of 46,411 shares. Based on an average trading volume of 79,028 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in First Trust Active Factor Large Cap ETF by 14.6% during the fourth quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock worth $92,712,000 after purchasing an additional 302,006 shares during the period. Arax Advisory Partners acquired a new position in First Trust Active Factor Large Cap ETF in the 4th quarter worth $20,422,000. Stenger Family Office LLC acquired a new stake in shares of First Trust Active Factor Large Cap ETF during the first quarter worth approximately $16,238,000. Assetmark Inc. boosted its stake in First Trust Active Factor Large Cap ETF by 33.9% during the 1st quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock valued at $15,882,000 after acquiring an additional 104,214 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Active Factor Large Cap ETF by 28.5% during the first quarter. Cetera Investment Advisers now owns 385,153 shares of the company’s stock worth $14,857,000 after purchasing an additional 85,324 shares during the last quarter.

First Trust Active Factor Large Cap ETF Price Performance

Shares of AFLG stock traded down $0.24 during trading hours on Friday, reaching $44.83. 71,389 shares of the company’s stock were exchanged, compared to its average volume of 79,633. First Trust Active Factor Large Cap ETF has a 1 year low of $37.17 and a 1 year high of $45.42. The company’s 50 day moving average is $44.02 and its two-hundred day moving average is $42.25. The company has a market cap of $728.49 million, a P/E ratio of 20.95 and a beta of 0.95.

About First Trust Active Factor Large Cap ETF

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.